TANGERANG - Head of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) Djoko Siswanto revealed that an oil and gas company from Kuwait, Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking for a partner to work on the gas field, Natuna D-Alpha.
Djoko said, there were 4 Cooperation Contract Contract Contractors (KKKS) targeted by KUFPEC to become partners, but Djoko only revealed two names, namely Medco Energy and Pertamina, which this giant company will invite.
"At least 4 partners are invited by KUFPEC. One of them is Pertamina, then Medco," said Djoko, quoted on Wednesday, May 21.
Met separately, President Director of PT Medco Energi Internasional Tbk (MEDC) Hilmi Panigoro emphasized that his party was not involved in the upstream oil and gas project in the Natuna D-Alpha Block with KUFPEC.
"Oh no, don't come," said Hilmi briefly.
For information, Natuna D-Alpha is included in the East Natuna Block consisting of Arwana-Barakuda Square, D-Alpha and the Pope.
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The East Natuna block was discovered in 1973 and has yet to be developed. The East Natuna block stores a potential of trillion cubic feet (Tcf) with a recoverable gas potential of 46 Tcf. The main obstacle to developing this block is the CO2 level which reaches 72 percent.
This block was originally managed by ExxonMobil and got management rights in 1980. However, due to no progress, in 2007 the contract was terminated. A year later, namely 2008, East Natuna was handed over its management to PT Pertamina. Furthermore, ExxonMobil, Total and Petronas, joined. Petronas' position was then replaced by PTT Exploration and Production (PTT EP) in 2012. Unfortunately in 2017 this consortium disbanded for reasons of not being economical and leaving PT Pertamina.
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